Word: melle
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Starting out as just one of the South's many shoemakers, Genesco has grown pell-mell since 1938 by buying up 46 companies. Today it operates 80 factories in 17 states, manufactures 51 brands of shoes from Flagg Bros, to Mannequin, makes Griffon men's clothes and Formfit girdles, and sells its wares through 1,500 Genesco-owned retail stores, including the Bonwit Teller chain. From its sprawling empire, Genesco last year drew profits of $8,900,000 on sales of $443 million...
Shaky Foundations. The decline in profit margins is especially painful because West Germany is woefully short of money for capital investment. In the booming postwar years, German companies financed most of their pell-mell expansion out of retained earnings. This year, with earnings leaner, German industry will not have so much to plow back into capital investment...
Amateur Airman Egbert was clearly delighted at the prospect of getting his hands on Trans International's DC-8 jet and four Lockheed Constellations, which the airline uses principally for military contract work. But the Trans International purchase was only the latest step in a pell-mell diversification program under which Studebaker has bought up nine companies at a total cost of more than $100 million in cash and stock...
...late Essington Lewis, a single-minded empire builder who made himself Australia's "Mr. Steel," the company doggedly pursued efficiency, threw up new plants, cornered rich ore and coal reserves, and by 1935 had gobbled up its only major competitor. But it was the pell-mell postwar growth of heavy industry and construction in Australia that gave B.H.P. its biggest forward push. With all Australia virtually its private preserve, the company more than doubled its output in a decade. Equity capital flowed in for the asking as eager Australian investors flocked to oversubscribe new stock issues...
...signed on in 1928 as financial boss of his father-in-law's John Bean Manufacturing Co., a small producer of agricultural spray pumps and prune-drying equipment. Almost immediately, he launched the company-which in 1929 was rechristened Food Machinery Corp.* on a course of pell-mell expansion, which he is fond of calling "aggressive diversification.'' One after another. Davies added new lines of farm machinery, food processing and packaging equipment and agricultural chemicals. In 1948, branching out still farther, he acquired New York's Westvaco Chemical Corp.. which with other acquisitions has since...